IL&FS Transportation Networks is currently trading at Rs. 121.90, up by 5.75 points or 4.95% from its previous closing of Rs. 116.15 on the BSE.
The scrip opened at Rs. 116.30 and has touched a high and low of Rs. 124.05 and Rs. 115.60 respectively. So far 361262 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 124.80 on 12-Jan-2017 and a 52 week low of Rs. 65.85 on 19-Aug-2016.
Last one week high and low of the scrip stood at Rs. 124.05 and Rs. 110.00 respectively. The current market cap of the company is Rs. 4000.15 crore.
The promoters holding in the company stood at 73.22%, while institutions and non-institutions held 7.20% and 19.58% respectively.
IL&FS Transportation Networks’ wholly owned subsidiary -- IIPL Laos, Singapore has entered into a contract for rehabilitation and development works of the National Road No 1 (section F) with a length of 165 km including construction of 33 new bridges in the People’s Democratic Republic of Laos. The contract is awarded to a consortium in which IIPL Laos is the lead member having 90% stake.
The construction period for the Project is 42 months at an estimated cost equivalent to $165 million. The payment for the contract is committed from the Government of Laos and payable based on milestones over a period of 7 years of which 60% is payable during the construction period.
IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance under public to private partnership on build-operate-transfer (BOT) basis.
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